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Watch for J2 Global Inc to Potentially Rebound After Falling 7.72% Yesterday

By James Quinn

J2 Global Inc (NASDAQ:JCOM) traded in a range yesterday that spanned from a low of $79.36 to a high of $82.77. Yesterday, the shares fell 7.7%, which took the trading range below the 3-day low of $85.46 on volume of 493,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, J2 Global Inc has traded in a range of $60.00 to $91.58 and is now at $80.01, 33% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in J2 Global Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of J2 Global Inc in search of a potential trend change.

Keywords: rebounders j2 global inc

Ticker(s): JCOM